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Topic 2, Topic 2.5 - Coggle Diagram
Topic 2
Consolidate Statement of Financial Position
Approach to the consolidated statement of financial position
-Basic procedure
-Standard approach
Goodwill
Calculation of goodwill: Accounting Treatment
Impairment of positive goodwill: Fair value of consideration transferred
Fair Values
-Measuring NCI at acquisition -Fair value of subsidiary's net assets at acquisition
Pre- and Post-acquitsition profit and other reserves
Dividends paid by subsidiary
Intragroup balances
-Intragroup payables and receivable
-Reconciliation of intragroup balances
Unrealised profit on transfer of inventory
-Cost v NRV
-Method for eliminating unrealised profit
Transfer of non current assets
Carrying amount and depreciation
Topic 2.5
Consolidated Statement of profit or loss and other comprehensive income (SPLOCI)
Approach to SPLOCI
-Aim of the consolidated SPLOCI
-Allocation of profit and other comprehensive income
-Basic procedure
-Mid year acquisitions
-Impairment
-Dividend [aid to subsidiary
Intragroup trading
-Issue
-Method
Intragroup loans and interest
-Issue
-Method
Disposal of subsidiary
-Control boundary
-Approach to full disposal
-Calculation of profit or loss on disposal (in consolidated accounts)
-Calculation of profit or loss on disposal in parent's separate financial statements